The Takeover Panel has given the private equity consortium led by providence Equity Partners until 26 September 2008 to either announce a firm intention to bid for business-to-business information provider Informa or to walk away.
Shares are sold by shares were held by CapMan Buyout X Fund A and CapMan Buyout X Fund B
Advent made a takeover offer of 165 pence per share in cash, which represents a 34% premium in July
Business strategy platform will expand its product and triple its team size
Fund targets companies operating in the healthcare industry, primarily pharma, medtech and outsourced services